President Biden announced Wednesday he would nominate Commodity Futures Trading Commissioner Christy Goldsmith Romero to helm the Federal Deposit Insurance Corporation (FDIC), tapping her to replace current FDIC Chair Martin Gruenberg amid a toxic workplace controversy. Romero has been member of the board of the CFTC, which oversee U.S. commodity and derivatives markets, since 2022. Before working at the CFTC, she spent more than a decade at the Treasury Department and was an inspector general for the Troubled Asset Relief Program, (TARP), the hundreds of billions in bailouts given to big banks amid the financial crisis and recession of 2007-08. As the special inspector general for
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